Common use of Cancellation of Option Clause in Contracts

Cancellation of Option. If Optionee ceases to be a Director of the Company during calendar year 2002 then the Option shall be cancelled with respect to a number of Shares equal to (A) multiplied by (B) below where: (A) equals the number of Shares which are the subject of the Option; and (B) equals a fraction, the numerator of which equals the number of full calendar quarters during the year 2002 during which the Optionee was not a Director and the denominator of which equals four; provided, however, that the Committee may in its absolute discretion determine (but shall not be under any obligation to determine) that such purchase rights shall be deemed to include additional Shares which are subject to the Option.

Cancellation of Option. If Optionee ceases to be a Director of the Company before or during the calendar year 2002 2001 then the Option shall be cancelled with respect to a number of Shares equal to (A) multiplied by (B) below where: (A) equals the number of Shares which are the subject of the Option; and (B) equals a fraction, the numerator of which equals the number of full calendar quarters during the year 2002 2001 during which the Optionee was not a Director and the denominator of which equals four; provided, however, that the Committee may in its absolute discretion determine (but shall not be under any obligation to determine) that such purchase rights shall be deemed to include additional Shares which are subject to the Option.

Cancellation of Option. If Optionee ceases to be a Director of the Company before or during the calendar year 2002 2001 then the Option shall be cancelled with respect to a number of Shares equal to (A) multiplied by (B) below where: (A) equals the number of Shares which are the subject of the Option; and (B) equals a fraction, the numerator of which equals the number of full calendar quarters months during the year 2002 2001 during which the Optionee was not a Director and the denominator of which equals fourtwelve; provided, however, that the Committee may in its absolute discretion determine (but shall not be under any obligation to determine) that such purchase rights shall be deemed to include additional Shares which are subject to the Option.